What's the difference between a firm that focuses on tax strategy and a regular accountant?
If you've ever worked with an Accountant you likely had the following experience: The year ends, the holidays pass, your tax forms arrive in the mail and you send them off to your accountant ready to get ahead of tax season! You wait and wait but days (even weeks) go by and you never hear back. The extension deadline passes and they reach out to let you know they extended your return. But why? You gave them your documents months ago!
This is because of 2 things: (1) your accountant is likely understaffed/over-leveraged and has a volume firm with more clients than they know what to with or (2) they have a giant team but they do every little thing from bookkeeping to payroll, so they have deadlines every 30 days therefore your taxes fall to the waist side.
This is why we're hyper-focusing on tax planning. Because you can find 100 other accountants to prioritize your books and your payroll but for some reason, they always drop the ball on taxes. And it's because it's an ancillary part of their business. By focusing our time exclusively on tax planning, we can better serve you, your business, and your wallet! (and we answer your emails!)
Contact us today to meet with a Tampa Accountant at Taxes Tampa who can answer all of your individual tax questions via a free tax consultation!
How do you stay current with tax changes?
We are a part of a network that consists of weekly updates/trainings on emerging/evolving tax laws/strategies. These meetings are with other accountants and tax attorneys where we discuss the impact of new tax laws on clients and the economy as a whole.
Our firm spends on average 5-10 hours per week educating on tax planning and tax laws. We aim to provide the best and highest value tax planning and tax preparation in Tampa and a big piece of that is constantly learning!
Contact us today to meet with a Tampa Accountant at Taxes Tampa who can answer all of your individual tax questions via a free tax consultation!
What kinds of clients do you work with?
We serve many business owners in South Tampa, such as:
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Chiropractors (Multi-Office locations)
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Attorneys (Estate Planning)
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Offices of Physicians and Mental Health Practitioners
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Medical device sales consultants
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E-commerce businesses
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Food service businesses (cafes)
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Rental real estate businesses (Airbnb management companies and private portfolios),
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Financial advisors and Family offices
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Talent recruiting firms,
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Nurse practitioner telehealth providers, etc.
The few types of clients we do not serve because specialists better serve them are those in aviation, manufacturing, farming, day trading, crypto, international business, and a few select others. For those clients, we aim to help find a specialist who primarily works with businesses like theirs, so they're best served for all their tax needs.
What kinds of strategies do you look at when tax planning?
We have a very thorough tax planning checklist we run each client through but at a simplistic level, we look at:
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Entity Structuring (i.e. LLC vs S-Corp vs. Partnership)
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Dissolving Entities
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Salary vs Distributions Balance (compensation) review)
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Retirement Strategies (self-directed IRA's/401k's)
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HSA's & HRA's
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Real Estate Strategies (1031/QOZ/Cost Segs.)
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Asset Protection
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Paying Children / Paying Spouse
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Augusta Rule
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Appraisals on contributions
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IRS/State Credits Review
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Etc.
Work with us to scale your firm in the most efficient and effective way possible! Contact us today to meet with a Tampa Accountant at Taxes Tampa who can answer all of your individual tax questions via a free tax consultation!
Package 1 - Tax Preparation
This package works best for the business owner who feels good about their taxes and just needs limited consultations but high-quality tax preparation.
- General Tax Consultation Free
- Individual Return - 1040 $ 750
- Business Return - 1120S/1065 $ 1,500
$2,250
Contact us today to go over our tax services and your tax questions via a free tax consultation! Our Tampa Tax Accountants can't wait to meet you and learn more about your personal and business goals.
Package 2 - Tax Preparation + Tax Planning
This package is designed for business owners that (1) haven't had an accountant review their tax situation on a per entity / per return basis, (2) feel like their current accountant lacks communication and (3) are unsure if they're really maximizing on strategies to lower taxes.
With this package, we look at (1) your prior tax history (what was missing/what can be amended/etc.), (2) how are you trending YTD for taxes if we change nothing?, (3) are we optimizing each entity structure and/or expenses?, (4) is compliance buttoned up?, and (5) we run your entities through our tax planning checklist to compare these 2 core items:
(1) what strategies can be implemented to save on taxes? and
(2) if we implement it, what's cash outflow vs tax savings so I can weigh the advantage of implementation?
- General Tax Consultation Free
- Individual Return - 1040 $ 750
- Business Return - 1120S/1065 $ 1,500
- Tax Projections (hourly) $ 750
- Tax Planning (hourly) $ 2,750
$ 5,750
Depending on the number of states/entities, tax projections can take anywhere from 1 hour to 3 hours. Similarly, tax planning is done at the per entity / per state level and can take anywhere from 5 - 10 hours. Our hourly rate for these services is $250 per hour. Through this, we create your tax planning roadmap!
Work with us to scale your firm in the most efficient and effective way possible! Contact us today to meet with a Tampa Accountant at Taxes Tampa who can answer all of your individual tax questions via a free tax consultation!
Package 3 - Startup + Tax Preparation
This package is designed for new business owners who need help (1) optimizing their entity structure (i.e. Partnership vs S-Corp, (2) setting up their entity (with the IRS + State), (3) brainstorming other compliance needs (sales tax/payroll/licensing), and (4) filing their business and personal returns.
- General Tax Consultation Free
- New LLC Formation $ 750
- Individual Return - 1040 $ 750
- Business Return - 1120S/1065 $ 1,500
$ 3,000
Contact us today to go over our tax services and your tax questions via a free tax consultation! Our Tampa Tax Accountants can't wait to meet you and learn more about your personal and business goals.
